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  • Bitcoin regathers some faster paced momentum, as it looks to break down resistance barrier just ahead.
  • BTC/USD price actions has been moving within an ascending wedge pattern, over the past two sessions.
  • A chunky supply zone can be seen within the very early $7600 region, which has been causing problems since 24th May.


BTC/USD 30-minute chart


Spot rate:                                     7530

Relative change:               +2.00%

High:                                                       7600

Low:                                                       7340


Trend:                                                   Bullish



Resistance 1:                           7600, chunky supply zone.

Resistance 2:                           7730, 24th May high.

Resistance 3:                           7933, 23rd May high, before price dumped 6%.

Support 1:                                  7430, 50MA.

Support 3:                                     7340, 200MA.